3 papers
econ.GN2026
The Real Interest Rate as a Control Variable in the Open Economy
Carlos Esteban Posada, Liz Londoño-Sierra
This paper addresses the structure and dynamics of an open market economy and its relations with the real interest rate. In this respect, the paper is situated within a broad conve…
econ.TH2025
Differences and Connections Between Individual (Leontief Type) Activities and Aggregate (Cobb-Douglas Type) Results
Carlos Esteban Posada Posada
Each production establishment is assumed to have, at any given time, a unique combination of capital and labor (a Leontief function), but the aggregate output at that same time mus…
econ.GN2024
The cost of uncertainty
Carlos Esteban Posada Posada
The traditional and most common view of economists on the issue of (bad) uncertainty and its effects has been one of partial equilibrium. When the topic is approached from a macroe…